Sensient Technologies (NYSE:SXT) Price Target Raised to $155.00 at UBS Group

Sensient Technologies (NYSE:SXT) had its target price increased by equities researchers at UBS Group from $143.00 to $155.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. UBS Group’s price target indicates a potential upside of 23.86% from the company’s current price.

SXT has been the subject of a number of other research reports. Zacks Research downgraded shares of Sensient Technologies from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Weiss Ratings raised shares of Sensient Technologies from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 2nd. Robert W. Baird increased their price objective on Sensient Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Monday. Finally, Rothschild & Co Redburn started coverage on Sensient Technologies in a research note on Wednesday, July 8th. They issued a “neutral” rating and a $125.00 target price on the stock. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $140.00.

Sensient Technologies Stock Performance

Shares of NYSE SXT traded down $1.65 during midday trading on Monday, reaching $125.14. The company’s stock had a trading volume of 426,646 shares, compared to its average volume of 419,965. The stock has a market capitalization of $5.33 billion, a P/E ratio of 33.84 and a beta of 0.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 4.39 and a quick ratio of 1.72. The firm has a 50 day moving average price of $116.74 and a 200-day moving average price of $104.31. Sensient Technologies has a 12-month low of $82.60 and a 12-month high of $131.04.

Sensient Technologies (NYSE:SXT) last issued its quarterly earnings results on Friday, July 24th. The specialty chemicals company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. The business had revenue of $462.08 million for the quarter, compared to analyst estimates of $448.84 million. Sensient Technologies had a return on equity of 13.77% and a net margin of 9.27%.Sensient Technologies’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. Sensient Technologies has set its FY 2026 guidance at 4.100-4.200 EPS. As a group, equities analysts predict that Sensient Technologies will post 4.15 earnings per share for the current year.

Insider Buying and Selling

In other news, VP Thierry Hoang sold 439 shares of Sensient Technologies stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $114.15, for a total value of $50,111.85. Following the sale, the vice president directly owned 14,309 shares in the company, valued at approximately $1,633,372.35. This trade represents a 2.98% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Sensient Technologies

Institutional investors and hedge funds have recently modified their holdings of the stock. Salomon & Ludwin LLC lifted its stake in shares of Sensient Technologies by 146.2% in the 4th quarter. Salomon & Ludwin LLC now owns 293 shares of the specialty chemicals company’s stock valued at $28,000 after purchasing an additional 174 shares during the period. Farther Finance Advisors LLC grew its position in shares of Sensient Technologies by 313.5% in the 4th quarter. Farther Finance Advisors LLC now owns 306 shares of the specialty chemicals company’s stock worth $29,000 after buying an additional 232 shares during the period. Kohmann Bosshard Financial Services LLC bought a new position in shares of Sensient Technologies in the 4th quarter worth about $33,000. Advisors Asset Management Inc. boosted its stake in Sensient Technologies by 53.1% during the fourth quarter. Advisors Asset Management Inc. now owns 401 shares of the specialty chemicals company’s stock worth $38,000 after acquiring an additional 139 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in shares of Sensient Technologies during the fourth quarter valued at approximately $44,000. 90.86% of the stock is owned by hedge funds and other institutional investors.

About Sensient Technologies

Sensient Technologies Corporation is a global leader in the manufacture and supply of colors, flavors and fragrances for a broad range of end-markets. The company develops and produces ingredients that enhance the appearance, taste and scent of products in the food, beverage, nutraceutical, pharmaceutical, personal care and household sectors. Its portfolio includes natural and synthetic colorants, botanical and artificial flavor systems, fragrance compounds and specialty chemical offerings tailored to customer specifications.

Within its flavor and fragrance division, Sensient provides custom formulations for sweet, savory and umami taste profiles along with fragrance blends for personal care and cosmetic applications.